Granite Construction Incorporated Company Profile (NYSE:GVA)

Granite Construction Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Granite Construction Incorporated announced a quarterly dividend on Wednesday, September 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.13 per share on Friday, October 13th. This represents a $0.52 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 28th. View Granite Construction Incorporated's Dividend History.

Granite Construction Incorporated (NYSE:GVA) announced its quarterly earnings data on Tuesday, August, 1st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.25. The business had revenue of $762.90 million for the quarter, compared to the consensus estimate of $684.32 million. Granite Construction Incorporated had a net margin of 1.61% and a return on equity of 4.80%. Granite Construction Incorporated's quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. View Granite Construction Incorporated's Earnings History.

Granite Construction Incorporated is scheduled to release their next quarterly earnings announcement on Friday, October, 27th 2017. View Earnings Estimates for Granite Construction Incorporated.

7 brokers have issued 12-month target prices for Granite Construction Incorporated's shares. Their predictions range from $51.00 to $70.00. On average, they anticipate Granite Construction Incorporated's stock price to reach $63.67 in the next twelve months. View Analyst Ratings for Granite Construction Incorporated.

Here are some recent quotes from research analysts about Granite Construction Incorporated stock:

• 1. According to Zacks Investment Research, "Granite Construction, Inc. is a diversified heavy civil constractor and construction materials producer. The Company concentrates on ifrastructure projects including roads, bridges, dams, tunnels, canals and rapid transit facilities. The Company also manufactures asphalt, concrete base rock and other construction materials. The Company has offices in Arizona, Nevada, Utah, Texas, Georgia and California. " (7/4/2017)
• 2. Canaccord Genuity analysts commented, "We expect better performance during the balance of 2017, followed by a strong inflection for margins in 2018. With the cessation of tough weather, beneficial work has now commenced that will help offset the negative effects of accelerated Large Project activity as the company works to complete certain challenged jobs. Activity in the Materials segment is also picking up, and we expect steady margin improvement for Materials and the Construction segment throughout the year, accelerating in 2018 as funding from the CA Transportation Act begins to flow through. We continue to view GVA as one of the best positioned infrastructure plays in our coverage universe given meaningful leverage from Materials and strong position to CA and other markets with boosted funding levels. We are largely maintaining our estimates and reiterate a BUY rating and $70 price target." (5/3/2017)
• 3. FBR & Co analysts commented, "We are lowering our 2017 estimates following Granite's 4Q16 results, which were below our estimates, mostly due to a handful of company-specific problem projects within the large construction segment and wet weather impacts in California. We continue to expect solid revenue growth and margin expansion, especially with Granite's robust project pipeline, the new Administration's focus on infrastructure, and an ease in regulations, which should help to add to GVA's positive momentum. Due to our lowered estimates, we are lowering our price target to $67 (from $70), which still provides 20% upside from current levels. We reiterate our Outperform rating, as we believe Granite is one of the best-positioned contractors to benefit from the more than $200B in infrastructure bonds that were passed locally in the November election, providing a solid runway for the company in 2017. In addition, the expected financial benefits of the FAST Act, the potential passage of a California highway bill, and the general focus on North American infrastructure spending by the new Administration could prove to be significant catalysts for GVA starting in late 2017." (2/27/2017)

Some companies that are related to Granite Construction Incorporated include EMCOR Group (EME), Babcock International Group PLC (BAB), Stantec (STN), KBR (KBR), Balfour Beatty plc (BBY), Chicago Bridge & Iron Company N.V. (CBI), Primoris Services Corporation (PRIM), Tutor Perini Corporation (TPC), Galliford Try plc (GFRD), John Laing Group PLC (JLG), Kier Group plc (KIE), NCI Building Systems (NCS), Argan (AGX), Aegion Corp (AEGN), Grana y Montero S.A.A. (GRAM), Morgan Sindall Group PLC (MGNS), Keller Group plc (KLR) and USD Partners LP (USDP).

Granite Construction Incorporated's management team includes the folowing people:

• James Hildebrand Roberts, President, Chief Executive Officer, Interim Chief Operating Officer, Interim Executive Vice President, Director
• Laurel J. Krzeminski, Chief Financial Officer, Executive Vice President
• Martin P. Matheson, Senior Vice President - Group Manager
• James D. Richards, Senior Vice President - Group Manager
• Dale Swanberg, Senior Vice President - Group Manager
• William Howard Powell, Independent Non-Executive Chairman of the Board
• Claes G. Bjork, Independent Director
• James W. Bradford Jr., Independent Director
• David C. Darnell, Independent Director
• Patricia D. Galloway, Independent Director

Granite Construction Incorporated's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.03%), Vanguard Group Inc. (8.42%), Dimensional Fund Advisors LP (5.98%), Ameriprise Financial Inc. (4.21%), Franklin Resources Inc. (3.66%) and State Street Corp (3.21%). Company insiders that own Granite Construction Incorporated stock include David H Kelsey, James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Michael Francis Donnino, Patricia D Galloway, William Glenwood Dorey and William Howard Powell. View Institutional Ownership Trends for Granite Construction Incorporated.

Granite Construction Incorporated's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., FMR LLC, Marshall Wace North America L.P., Wells Fargo & Company MN, BlueCrest Capital Management Ltd, GCA Investment Management LLC, Rainier Investment Management LLC and Century Capital Management LLC. Company insiders that have sold Granite Construction Incorporated stock in the last year include James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Michael Francis Donnino and William Howard Powell. View Insider Buying and Selling for Granite Construction Incorporated.

Granite Construction Incorporated's stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Voya Investment Management LLC, Goldman Sachs Group Inc., Frontier Capital Management Co. LLC, Zweig DiMenna Associates LLC, Macquarie Group Ltd., Thrivent Financial For Lutherans and Kennedy Capital Management Inc.. View Insider Buying and Selling for Granite Construction Incorporated.

Shares of Granite Construction Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Granite Construction Incorporated stock can currently be purchased for approximately $56.51.